Mr. Know-it-all has finalized the next Fed successor, and there is cautious buy the dip domestically! 12.1 BTC ETH strategy

After the market reported that Powell would resign, Mr. Know-it-all claimed: I know who I will choose as the Fed chairman, and I will announce it soon. Meanwhile, on Saturday, the four major banks in the country organized a meeting, publicly stating that they would take strong measures to suppress the promotion of cryptocurrencies and illegal activities. Although there was no pullback over the weekend, the price of coins significantly retreated on Monday. Currently, BTC has broken below 86000, and ETH has fallen below 2850, with market fear rising and selling pressure obvious!

The short position suggested on Friday met expectations, with BTC following this wave currently able to reach six to seven thousand points. Unfortunately, ETH missed the opportunity to trade, otherwise, we could have gained another three hundred points this time. In the morning, BTC and ETH closed with a bearish monthly line, with a long lower shadow. The price broke the middle track of the Bollinger Bands, and the KDJ and MACD indicators are showing a bearish divergence at high levels. Overall, the trend is bearish, coupled with domestic suppression, so Conan suggests focusing on shorting during rebounds!

12.1 Short Position Strategy:

Short the BTC rebound at 88500-89000, for conservative traders enter short at 89500-90000, with a stop loss near 91000. The target is around 87000-86500-86000, and if it breaks, watch 85500-85000-84500-84000. Continue to move the stop loss according to the situation!

Short at the ETH rebound of 2870-2900, for conservative traders, enter at the rebound of 2950-3000, with a stop loss at 3050, aiming for around 2800-2750. If it breaks, look around 2700-2650, and continue to adjust the stop loss based on the situation!

12.1 Long position strategy:

Buy the dip 84000-84500 long one hand, defend near 83000, target at 85500-86000, break position see 86500-87000 nearby, continue to break position move stop loss according to the situation!

Enter long at the ETH pullback of 2600-2630, with a stop loss near 2550. The target is around 2700-2750, and if it breaks, look for 2780-2800. Continue to adjust the stop loss according to the situation!

Every time there is repression domestically, there will be a significant pullback, and this time is no exception. Currently, there is no stop to the decline, so everyone should be cautious about buying the dip. Only with major positive news might we return to a bull market! Keep your chips and wait patiently! #成长值抽奖赢iPhone17和周边